Could Walmart Be a Millionaire-Maker Stock?
Walmart's (NYSE: WMT) value-focused retailing model has produced many investor fortunes since the Walton family took it public in 1970. Today the chain is the biggest player in a massive global industry, with annual sales ringing in at over $500 billion in 2019 compared to just $78 million in 1972.
Sure, its biggest growth days are behind it now that Walmart counts its revenue in fractions of $1 trillion. But if the five decades between its public offering and today have demonstrated anything about the business, it's that it is flexible, efficient, and able to generate healthy shareholder returns through a wide range of selling conditions.
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Source Fool.com
